“It could be quite a controversial meeting,” says Carsten Fritsch,
oil analyst at Commerzbank. “There’s a risk it could end without
agreement, just like the one a year ago.”

The concerns of price hawks such as Iran and Venezuela are
not hard to understand. Thursday’s meeting occurs against the backdrop
of the biggest monthly fall in oil prices in four years. Under normal
circumstances, Opec ministers would have little hesitation in curbing
production to push prices back up....MORE